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Fremont panel recommends $450,000 forgivable loan to Quad County
Summary
The City of Fremont Local Option Review Team voted 3-0 April 28 to recommend the City Council approve a $450,000 performance-based forgivable loan to Quad County after staff and a Quad County representative answered members’ questions.
The City of Fremont Local Option Review Team voted 3-0 on April 28 to recommend that the City Council approve a performance-based forgivable loan of $450,000 to Quad County.
Plan Administrator Angie Olson reviewed Quad County’s application and answered members’ questions alongside a Quad County representative. After the presentation and follow-up discussion, Member Eairleywine moved to recommend approval and Member Mueller seconded. The motion carried with Members Mueller, Lathrop and Eairleywine voting yes; Members Jensen and Meister were absent.
The review team characterized the award as performance-based and forgivable; the transcript does not specify the performance benchmarks or the funding source. No public comment was recorded on the application during the meeting.
The recommendation now goes to the Fremont City Council for final action. The review team did not set implementation details or a timeline at this meeting.
